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AAPL Stock: 132.54 ( 0 )

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Icahn investment figures likely to be revealed later this week

updated 11:04 am EDT, Wed August 14, 2013

Holdings said to be recent, worth over $1 billion

All of Apple's investors with stakes worth $100 million more will be revealed later this week, notes AppleInsider. The expected report is a consequence of SEC regulations, requiring large investors to disclose major holdings roughly a month and a half after a quarter ends. This quarter, though, one of the investors could be Carl Icahn, who yesterday announced that his firm has a "large position" in Apple stock.

A Bloomberg source claims that Icahn's stake is worth over $1 billion, and the he accumulated the shares during the past month. It's unclear what would prompt him to make such a large and rapid investment, but on Twitter he has characterized Apple as "extremely undervalued," and pushed for the company to increase its share buybacks. Depending on fluctuations in share price and when future buybacks take place, Icahn could stand to pull in significant profit.




by MacNN Staff

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